The groundbreaking ceremony had already had to be cancelled.
US lawmakers still cannot agree on the final version of the stimulus package that provides support for the semiconductor industry in the US. It is understood that over the next five years, the construction of core enterprises will be allocated $ 52 billion in the form of government subsidies, and Intel Corporation is one of the contenders for some of this amount. Earlier, CEO Patrick Gelsinger said that the company would like to cover up to 30% of costs in the construction of new enterprises through subsidies.
According to Bloomberg, the delay in the adoption of the relevant law forced the head of Intel to visit Washington with an appeal to lawmakers to make all key decisions within two weeks. At the very least, the law must be approved by the US president before the recess in August, Gelsinger believes, and some guarantee of funding for the Ohio project must be received by Intel before the midterm elections in November.
Image Source: CNBC
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Intel has already been forced to cancel a groundbreaking ceremony for two new facilities in Ohio, which by 2025 could master the production of 18A products not only for the company itself, but also for third-party customers. According to Gelsinger, the company is not going to be limited to two enterprises, it will need to build eight to ten enterprises, and without government support, production in Ohio will not be able to achieve such a scale. Only the first two enterprises on this site will require at least $ 20 billion, and in this sense, Intel is counting on government assistance.
